Investor Presentaiton

Department of Health Administered schedules (continued) For the year ended on 30 June 2023 (a) A Public Private Partnership Project Agreement between the State of Western Australia and International Parking Group (IPG) has been established for IPG to own, operate and manage the multi-deck car park at the Queen Elizabeth II Medical Centre site. In 2020-21, the project agreement was assessed as a service concession arrangement in accordance with AASB 1059 Service Concession Arrangements: Grantors. Administered assets and liabilities Assets Cash and cash equivalents Receivables Service concession assets Total administered assets Liabilities Payables Service concession liabilities (Grant of the Right to Operate Model) Total administered liabilities 2023 $'000 2022 $'000 177,585 5,490 203,564 10,774 138,744 131,870 321,819 346,208 (6,340) (78,826) (84,301) (78,826) (90,641) The department administers the Capital Works Fund for the Asset Investment Program and the service concession arrangement for the multi-deck car park on the Queen Elizabeth II Medical Centre Site on behalf of State Government which is not controlled by, nor integral to the function of the department. A service concession asset is recognised in respect of the multi-deck car park and a grant of the right to operate liability is recognised under AASB 1059 Service Concession Arrangements: Grantors, as the State does not have a contractual obligation to pay cash or another financial asset but grants the right to a private operator to earn revenue from the public use of the car park. The liability represents unearned revenue and is progressively reduced over the period of the concession by recognising revenue. The administered assets, liabilities, income and expenses are not recognised in the principal statements of the department but are presented as 'Administered assets and liabilities' and 'Administered income and expenses by service' using the same basis as the financial statements. < 136 Contents About us Significant issues Report on operations Agency performance Operational disclosures Key performance indicators Financial disclosures and compliance • Appendix

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